Alcoa has reported earnings slightly below expectations.
Earnings from continuing operations were $1.16, however the company announced restructuring, impairment and other special charges of $0.88, which was widely expected. Because these costs are non-recurring, analyst are typically excluding them from earnings estimates.
That would leave Alcoa had a loss of $0.28, which is slightly below consensus estimates of a loss of $0.10.
No 2009 guidance.
Separately, JP Morgan is moving up its earnings report to this Thursday the 15th, from Wednesday the 21st.
- Wal-Mart CEO: No Quick Rebound for US Economy
- Citi's Move to Shed Broker Fails to Stem Cash Worries
CNBC's Names in the News:
Company/ticker No. 1
Company/ticker No. 2
Questions? Comments? firstname.lastname@example.org